marks) Jack‚ Tom and Mary are executive directors of Photolab Ltd. Jack owns 8% of the shares‚ Tom 15% and Mary 7%. 15% of the shares are owned by 700 shareholders and the remaining 55% shares are owned by Photoproductions Ltd. Although Tom has never been formally appointed as managing director of the company‚ he has assumed that role and the other directors allow him to do so. The Board was aware that Tom’s business card described him as the managing director of Photolab Ltd. Often Tom entered into
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Barilla Brando Vitali‚ the earlier Director of logistics in Barilla SpA proposed an idea of Just- In- Time Distribution (JITD). The proposed JITD system required the distributors to share their sales data with Barilla‚ who would then forecast and deliver appropriate amounts of products to the distributors at the right time in order to effectively meet demand. Instead of Distributors giving orders according to them‚ company should deliver its products on time by its own
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1. 2. a) What general steps should Hank follow in setting up a continuous improvement program for the company? Hank should first analysis the cost of quality since the high quality problems are made by lack of training‚ motivation‚ communication and testing. They can measure the appraisal costs‚ prevention costs‚ internal failure costs and external failure cost through the cost of quality measurement. After the measure of the cost‚ the Hank should follow “ plan‚ do‚ check and act” steps
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Breach of Fiduciary duty of director According to S.4(1) of Companies Act (CA) 1965‚ director includes any person occupying the position of director of a corporation by whatever name called and includes a person in accordance with those directions or instructions the directors of a corporation are accustomed to act and an alternate or substitute director. Directors have a fiduciary duty to the company which is duty to act in good faith in best interest of the company and act for a proper purpose
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Throughout my career as a Cemetery Director‚ I have prided myself on building effective teams at each facility where I have worked. As the Director of LINC I needed to determine a method of getting Funeral Directors to come at their assigned times for services. Conflicts in scheduling at the Cemetery and conflicts with Funeral Directors schedule of caused serious issues with timing for services. Funeral Directors called the scheduling center to arrange times for Committal Services. When they
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Twelfth Night: Interpretations through the Directors Staging Antonio: I could not stay behind you: my desire‚ More sharp than filed steel‚ did spur me forth; And not all love to see you‚ though so much As might have drawn one to a longer voyage‚ But jealousy what might befall your travel‚ Being skilless in these parts; which to a stranger‚ Unguided and unfriended‚ often prove Rough and unhospitable: my willing love‚ The rather by these arguments of fear‚ Set forth in your pursuit. (Twelfth
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GOVERNANCE GUIDELINES 1. Board Size 10-14 directors on the Board is optimal. This approach is flexible depending on the circumstances and the qualifications of proposed candidates. 2. Number‚ Structure and Function of Committees The number‚ structure‚ and function of Board Committees are reviewed periodically by the Directors and Corporate Governance Committee. The Audit Committee‚ Executive Compensation and Management Resources Committee‚ and the Directors and Corporate Governance Committee shall
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name prof class date title As an athletic director your job requires you to oversee the athletic department‚ coaches‚ and sport teams. Other tasks you will have to deal with are running fundraising events‚ distributing money and field or court time evenly between teams‚ and contacting people for donations. Some additional responsibilities include ending sport teams and hiring or firing employees. An athletic director supervises the ordering of equipment and scheduling of events‚ games and
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a) A director is an individual elected the shareholders of a corporation‚ who carries out certain tasks established in the charter‚ according to www.thefreedictionary.com. The duties are a series of common law‚ statutory‚ and equitable obligations. The duties are analogous to duties owed by trustees to beneficiaries‚ and by agents to principals. Directors owe duties to the corporation‚ and not to individual shareholders‚ employees or creditors outside exceptional circumstances. The duties of a director
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essential for all companies to have directors. As defined in s201A(1)‚ proprietary companies need to have only one director whereas public companies must have at least three directors as stated in s201A(2). A company consists of two important components or organs which are the board of directors and the members in general meeting. In Section 9‚ a director of a company is defined as “a person who is appointed to the position of the director or alternate director regardless of the name given to their
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